The Sensex and Nifty rose on Thursday, on track for a second consecutive day of gains, with investors buying stocks across the board and as Reliance Industries hit an all-time high.
The NSE Nifty 50 index was up 0.76 per cent or 129.60 points at 17,266.15, while the S&P BSE Sensex rose 0.84 per cent or 479.07 points to 57,516.57.
Both the indexes rose sharply in the previous session as beaten-down technology stocks rebounded and Reliance Industries advanced.
On Thursday, all major Nifty sub-indexes rose, with Nifty’s small-cap index adding 1.25 per cent and the mid-cap index rising 0.9 per cent.
Reliance extended gains to a third straight session and rose as much as 1.94 per cent. Morgan Stanley raised its target price on the stock to Rs 3,253 ($42.61) from Rs 2,926.
IT services provider HCL Technologies and food and beverage company Nestle India, however, fell 0.3 per cent and 1.5 per cent, respectively, ahead of reporting their quarterly results.